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Prompted by an online debate about whether economics belongs with the hard sciences, Bob reviews common defenses of mainstream practice and explains why they...
Keynesian orthodoxy claims that the cause of recessions is a decline in so-called aggregate demand. Besides confusing cause-and-effect, Keynesians don’t understand that downturns are...
More inflation coming: the Fed will lower its key interest rate by 25 basis points next week and again in December, according to a...
The CIA’s efforts to foment a coup have already failed once. Will Trump try it again?
Ridiculously, Treasury Sec Bessent said in a television interview earlier this month that the peso was “undervalued” and he intended to “buy low and...
The obsession with measuring aggregate GDP obscures how the real standard of living for many people has declined.